NOVABRIDGE BIOSCIENCES (NBP) Stock Technical Analysis
NASDAQ:NBP • US44975P1030
Overall NBP gets a technical rating of 1 out of 10. In the last year, NBP was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
- 100% of all other stocks performed better in the past year than NBP.
- NBP is part of the Biotechnology industry. There are 522 other stocks in this industry, of which 93% are performing better than NBP.
- In the last month NBP has a been trading in the 3.05 - 4.09 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- Considerably lower volume is observed in the last couple of days.
NBP has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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3.18
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 3.58 to 3.61. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @4.54 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NBP is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NBP is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | NBP has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NBP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NBP is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 37.36 | NEUTRAL | The RSI value for NBP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests NBP has a negative trend. |
| Stochastics (14,3) | 22.44 | NEUTRAL | The Stochastics value for NBP is a neutral value. |
| Average True Range in percent/ATR (20) | 7.95 | HIGH VOLATILITY | The high ATR as a percentage value for NBP suggests high volalility. |
| Average Directional Index/ADX (14) | 19.02 | NEGATIVE | The low ADX value for NBP suggests a weak or negative trend. |
3.21
-0.03 (-0.93%)
NOVABRIDGE BIOSCIENCES / NBP FAQ
Can you provide the ChartMill technical rating for NOVABRIDGE BIOSCIENCES?
ChartMill assigns a technical rating of 1 / 10 to NBP.
What is the current trend direction of NOVABRIDGE BIOSCIENCES (NBP) stock?
The current trend direction for NOVABRIDGE BIOSCIENCES (NBP) is Bullish.
What is the RSI signal for NOVABRIDGE BIOSCIENCES (NBP) stock?
NOVABRIDGE BIOSCIENCES (NBP) has an RSI value of 37.3562. This indicates that the stock is currently neutral.
What is the MACD signal for NBP stock?
The MACD indicator for NOVABRIDGE BIOSCIENCES (NBP) has a value of -0.03426, indicating a bearish trend.
What is the support and resistance level for NBP stock?
NOVABRIDGE BIOSCIENCES (NBP) has a resistance level at 3.58. Check the full technical report for our detailed analysis of NBP support and resistance levels.